U.S. Treasury Secretary Bessent has confirmed the proposed tax legislation is progressing smoothly through Congress and remains on track for presidential approval. President Trump is expected to sign the bill into law before the July 4th holiday.
The upcoming tax reforms may impact market dynamics across multiple sectors, including the cryptocurrency industry. Investors and digital asset stakeholders are closely analyzing potential implications for regulatory frameworks and taxation strategies governing digital assets.
Market participants continue monitoring the legislation’s finalized provisions for effects on crypto investment structures and compliance requirements as the approval deadline approaches.